What is Professional Liability Insurance and Errors and Omissions Insurance (E&O) and Malpractice Insurance?
Seaman’s Insurance Group is St Augustine’s Premier Boutique Insurance Agency, proudly serving the First Coast, Jacksonville, Ponte Vedra Beach, St Augustine, Palm Coast, Orlando, Miami, the Florida Keys & Beyond! Professional Liability Insurance / Errors and Omissions insurance is liability insurance that helps companies and individuals that provide advice and services from incurring the full cost of defending against a claim of negligence and damages that may be awarded to one of their clients. These potential causes of loss would not be covered by a general liability policy.
Professional Liability Insurance can have a number of names depending on what type of business you are looking to insure. Seaman’s Insurance Group can help you regardless of what you call it. Common terms for Professional Liability Coverage include, Malpractice Insurance, Errors and Omissions (E&O) and of course Professional Liability Insurance.
You may be wondering what types of people would need to purchase Malpractice Insurance some examples include insurance agents, brokers, and lawyers. Professions such as accounting, engineering, financial services, construction and maintenance, transport, charities also need to have professional liability coverage. Some are required to be bonded such as, general contractors and plumbers.
Contact us today for all of your E&O Insurance needs.